Czech Republic

Nominal GDP for Czech Republic was US$282.4bn in 2021, down from US$245.5bn in 2020. The Czech population was estimated at 10.5m in 2021 according to the IMF, while Germany is Czech Republic’s biggest trading partner.

Variables Surveyed for Czech Republic

Variables covered in our monthly analysis of Czech Republic include:

  • Gross Domestic Product (GDP)
  • Household Consumption
  • Gross Fixed Investment
  • Industrial Production
  • Consumer Price Inflation
  • Average Nominal Wages
  • Money Supply
  • General Government Budget Balance
  • Merchandise Exports
  • Merchandise Imports
  • Trade Balance
  • Current Account Balance
  • Interest Rates
  • Koruna Currency Forecasts
  • Monthly Inflation Forecasts

Consensus Forecasts for Czech Republic

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the Czech National Bank, Czech Ministry of Finance, IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP Growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Eastern Europe Conensus Forecasts, September 2022

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Czech Republic on topics such as:

Main Data Sources for Czech Republic

  • CZSO - Czech Statistical Office: The Czech Statistical Office (CZSO) is a central body of the state administration of the Czech Republic
  • Czech National Bank: The CNB is the central bank of the Czech Republic, the supervisor of the Czech financial market and the Czech resolution authority.

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.